Chapter 11. Improving Model Performance

When a sports team falls short of meeting its goal—whether the goal is to obtain an Olympic gold medal, a league championship, or a world record time—it must search for possible improvements. Imagine that you're the team's coach. How would you spend your practice sessions? Perhaps you'd direct the athletes to train harder or train differently in order to maximize every bit of their potential. Or, you might emphasize better teamwork, utilizing the athletes' strengths and weaknesses more smartly.

Now imagine that you're training a world champion machine learning algorithm. Perhaps you hope to compete in data mining competitions such as those posted on Kaggle (http://www.kaggle.com/competitions). Maybe you simply need to improve business results. Where do you begin? Although the context differs, the strategies one uses to improve sports team performance can also be used to improve the performance of statistical...